31-39 Catherine Street, Morwell VIC 3840
SoldIndustrial/Warehouse
Well Established Logistics & Food Distribution Centre - Yield 8.24% Net
– Long term tenant, PFD Food Services P/L, Australia’s largest privately owned foodservice network
– Current combined net income $144,262.14*p.a. + GST with CPI annual increases
– Tenant pays 100% of all building outgoings as per the lease
– Five (5) year lease to 31st May 2022 with two (2) further terms, each of five (5) years
– 5 acre* site with 3 street frontages plus scope for future development or value add (S.T.C.A)
– PFD Food Services has occupied the site since June 2007, and currently have 47* outlets Australia wide
(*approx.)
Property Features
- Industrial/Warehouse
- Land is 5 acres
- Floor Area is 1,500 m²
- 12 Car Spaces
- Satellite